Paychex 401k investment options

Paychex 401k investment options

Author: AnnettTe Date of post: 08.07.2017

Paychex k - etygivusyx.web.fc2.com

Users browsing this forum: Don46 , iamlucky13 , raptor , ulvazell and 54 guests. Paychex k Have a question about your personal investments? No matter how simple or complex, you can ask it here. Right now all of the investing is with Fidelity and each one I discovered has a 3.

Now I am just learning as I go along but I feel a bit of a fool because when the guy signed me up for the k he said now we use Fidelity and I just went along with it. I seem to be a trusting sort of person!! I have read more of their info and they get a take off all the investments with Fidelity.

My other options are a Guided Fund Select which would cost more money Or an Open Fund with over funds including many Vanguard Funds, Merrill Connect with a list of funds, or Morgan Stanley Smith Barney with a larger list of funds. I am inclined to move to the open fund but I can only pick 60 funds.

I am thinking Vanguard Funds, Pimco, Janus, JP Morgan,, T Rowe Price. I intend to research those and then make my choices.

Retirement Plan Management from the Top (k) Recordkeeper | Paychex Retirement

As I said I am learning as I go along and I would really appreciate your thoughts and ideas. Choosing 60 may be too confusing as the employees are also beginners. I seem to be a trusting sort of person!

paychex 401k investment options

Cirullo "It isn't what we don't know that gives us trouble, it's what we know that ain't so. We only had about 14 choices too. Looking back, in our circumstance we should have just setup an employer SIMPLE IRA plan.

(k) Plans vs. SIMPLE IRA Plans | Paychex

The downside is that there is more responsibility for the employer versus a vender plan. Another downside is that there isn't much investing guidance. The upside is that cost and fees are greatly reduced for employee and employer.

IIRC these can be setup through Vanguard. Another option that we were looking at, but hadn't pursued at all, was contacting Employee Fudiciary to manage a new k. They received good reviews from what I could find and would manage a smaller k.

Also, getting simple plan questions answered after the k sale and setup proved to be elusive.

paychex 401k investment options

There wasn't much value for the fees. I set up a k retirement program for my employees and myself through Paychex. Understand all the regs that apply before you make your next move.

There is a great deal of info to help you to set up a good plan that is in compliance. I like the Paychex payroll module and their HR module has some interesting aspects for a larger company. As you have learned, their expertise in investment plans is dubious.

paychex 401k investment options

This allows the greatest flexibility with the least paperwork. The regs for s and s have become practically identical so the info is mostly the same. A reliable vendor can guide you through the steps. I administer our non-profit plan and this website is useful for all stakeholders in b plans.

Which Vanguard funds does your plan have access to, and what are the costs that are involved? You are the administrator for the plan, but how much does Paychex charge your plan each year? What else do we need to know about the new b plan requlations, newly required recordkeeping, and total costs for your plan and its investments?

Detailed fee information, including waivers for retirement plans where applicable, can be found in each mutual fund's prospectus. We also have licensed representatives on staff to discuss the fees for any of the available investment options. We offer a complete suite of products that range from Custodial and Trustee Services to Co-Fiduciary, where employers can reduce risk while providing a quality product for their employees. Paychex specializes in retirement plan recordkeeping and plan administration.

Our many available investment options allow our clients and their advisors to choose the necessary investments based on their ideal criteria.

THE 401K DILEMMA - 401k Explained 401k Investing 401k vs Pension 401k Fallout Recession 401k Fees

Paychex operates from a revenue neutral perspective. We are very open about the fees we receive for our services.

Your Small Practice K May Be Ripping You Off | The White Coat Investor - Investing And Personal Finance for Doctors

In fact, we are already compliant with the fee disclosure rules that go into effect in April Also, if you would like, we are more than willing to personally discuss your plan and the product options available. Please feel free to private message us to discuss at your convenience.

Who is online Users browsing this forum: Home Board index All times are UTC No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation.

Rating 4,3 stars - 769 reviews
inserted by FC2 system